GBP/USD First Resistance At 1.4275
Jason Sen | Apr 05, 2016 05:46AM ET
GBP/USD first resistance at 1.4275/80. A break above 1.4300 however signals further gains to 1.4325/30, perhaps as far as resistance at 1.4350/60. A break above 1.4375 could then target important trend line (and head and shoulders neck line) resistance at 1.4450/60.
Minor support at 1.4259/55 but the first real support is at 1.4210/05. If we continue lower look for less important trend line support at 1.4165/55. A break lower however is a sell signal and could target 1.4100, then 4-week lows at 1.4055/50.
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